With the current momentum, it is true that Bitcoin whales are accumulating at a very fast pace, with inflows reaching up to $1 billion daily in October 2024. The buildup now somewhat resembles that seen in 2020 before the big bull run in 2021. On-chain data reveals lots of institutional activity where old and new whales are adding more Bitcoin to their treasuries, could be a signal for a bullish trend coming.
https://coingape.com/heres-how-100k-weekly-bitcoin-inflows-are-setting-stage-for-next-btc-bull-run/
Yet, it is not as crystal-clear. However I also see that Bitcoin's price is still showing lower highs and lower lows, an indication that this market may not go into an explosion of growth as fast as some people would expect. With history perhaps repeating, but expecting the same huge growth rate might be a tad optimistic. I think we also have to look at different indications.
Topic: Whales are accumulating bitcoin - page 3. (Read 665 times)
It most likely we're heading toward the same bullrun that happened in 2022 & 2018. There are more long-term holder wallets. This means more people are buying BTC to hold it long-term. It seems the bullrun is gonna start very soon.
Both 2018 and 2022 were bear market that many bulls turned bears. The price of bitcoin and other cryptocurrencies fell during those years. The bull year were 2016/2017 and 2020/2021 which are the bull years that you are referring to. 
It most likely we're heading toward the same bullrun that happened in 2022 & 2018. There are more long-term holder wallets. This means more people are buying BTC to hold it long-term. It seems the bullrun is gonna start very soon.
We have crossed 60k, 65k, then 68k. I'm very bullish on BTC. If it runs at the current rate, it will hit a new ATH, like the DJ and SP500. And it will attract fresh money to inflow BTC ETF. Hopefully, we will cross 70k in the upcoming week.
I personally also think that the buy pressure is so strong it's unusual, despite huge open interest at peak that indicates retailer shorting BTC, the whale just keep accumulating.
I think we've flipped the resistance zone to support zone for real this time around, moreover 7d chart shows bitcoin already making a break out.
moreover ETF inflow has been positive for 6 consecutive days, we all know what direction we're heading right now
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I think we've flipped the resistance zone to support zone for real this time around, moreover 7d chart shows bitcoin already making a break out.
moreover ETF inflow has been positive for 6 consecutive days, we all know what direction we're heading right now
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This is like what happened in the previous cycle, the biggest catalyst at this time will occur in November because the US election will occur, those popes are aware that there will be a big thing happening again with bitcoin, they collect bitcoin right close to this election shows that some popes will also bet their money to increase the price on bitcoin before and after this US election, then some positive things from CPI data, US unemployment index data decreased, inflation decreased it makes optimistic space for future bitcoin movements, there is always a reason why the popes take their position.
This is just the initial phase of the bullrun, approaching $70K is an indication that investors think history is likely to repeat itself.
The whales have a unique way of accumulating their bitcoins, as we know they could be manipulating the market but that is not entirely true where the whales want to make big profits so they know when to buy in preparation for the bullrun.
We will enter where the market leads to a positive trend.
The whales have a unique way of accumulating their bitcoins, as we know they could be manipulating the market but that is not entirely true where the whales want to make big profits so they know when to buy in preparation for the bullrun.
We will enter where the market leads to a positive trend.
Between mtgox and Germany dumping a ton of Bitcoin on the market, I would say that everyone is accumulating Bitcoin heavily right now. Without massive buying we could have easily seen the price dip into the 20s, as the selling volume was there. Blackrock and other entities have been buying heavily at levels I think most people aren't aware of or are in denial of. The coming Bitcoin boom is really going to shock people. With Blackrock on board now, you know their profits will be explosive. They don't get involved if they don't have a plan to make a ridiculous amount of money. We're going to see that plan play out in the next 12 months.
The charts certainly confused people about what the market would do as it seemed very overbought since the price touched $73k. It dips back to $49k but that was just it and most probably those whales are also waiting for the price to dip back closer to that price again. Yet if this uptrend is going to leave them behind, they gotta buy back right now.
The price has stayed up since last month so it must be a bull run again. Or we can wait for what will happen next.
Will it not be best to post this in Bitcoin Discussion instead of the service board?
I made a mistake. I wanted to post it on bitcoin speculation board but I mistakenly posted it on service board. The right board for it is not bitcoin discussion board but bitcoin speculation board and I have moved it there. But thanks for letting me know, it makes me know that I posted it on the wrong board.
Surely history will repeat itself - believe in it.
The pope collects bitcoins different from us they have a lot of bitcoins when bought in his accumulation so when there is an increase then it is an expectation but the pope can hold longer even though profits are in sight.
It should follow in the footsteps of the pope how to buy it, but it will be a little different what we do.
Maybe the whales will dump their goods during the bullrun.
The pope collects bitcoins different from us they have a lot of bitcoins when bought in his accumulation so when there is an increase then it is an expectation but the pope can hold longer even though profits are in sight.
It should follow in the footsteps of the pope how to buy it, but it will be a little different what we do.
Maybe the whales will dump their goods during the bullrun.
For newbies who may stumble on this thread and may not know what to do during the bull run, here are some ideas. First is the DCA which stands for Dollar Cost Average. Investing a fixed amount according to your capacity at a set interval. You may choose to invest $50 dollars in bitcoin weekly or $100 weekly, that kind of thing. And which ever amount you choose, be disciplined enough to stick with it. Do not be distracted by other bitcoiners who will be taking profit at this time, remember they have seen more bullruns and because they were disciplined enough they are now going to take profit but this is not you. Stick to your plan. Secondly, it has been said, please do not use any leverage, it does not show good risk management.
I read it on news that as the price of bitcoin is getting closer to $70000, that new and old whales wallets are accumulating bitcoin at a speed which resembles July 2020 to January 2021 when bitcoin increased by 550%.
According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.
I don't know much about history repeating itself in accordance to July 2020, but I feel accumulating aggressively in large sum has always been the nature of whales wallets, so if there are speculation of a possible bull run with regards to how whales wallets have been accumulating then I will take that with a pinch of salt, as accumulating that much is a normal thing to them regardless if there is a bull run by the corner or not.According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.
If there is a bull run coming up anything time soon, then its a good a thing, however I feel the news agency are just being speculative looking at the staggering figures the whales wallets are accumulating.
Not only whales, but all the smart people are accumulating Bitcoins. They know the capabilities of the coin, and hence are in full acceleration mode. The sign of a bull market is true. As we know, Bitcoins are limited in number, and now the demand to buy the coin is going up. When the demand goes up, the price also goes up due to the fixed supply of coins. So yes, something big is coming. The people who are doing DCAing will be the most profitable people right now.
It is no surprise if new and old whales accumulating Bitcoin more than the other investor. They think that the price now is still cheap so they don't want to miss this chance. That can trigger the bull run to appear in the market and when that is happen, many more people will amaze and start to invest in Bitcoin.
But they are late because the price is already increase. If they want to accumulate more Bitcoin, they must do now before the price increase more. Yes, I also think that the history can repeat itself soon. We can only prepare our Bitcoin by following the whales accumulating more Bitcoin.
But they are late because the price is already increase. If they want to accumulate more Bitcoin, they must do now before the price increase more. Yes, I also think that the history can repeat itself soon. We can only prepare our Bitcoin by following the whales accumulating more Bitcoin.
This time not only whales are accumulating Bitcoin, but the retails also accumulating Bitcoin because they're want to multiply their money, even Average Joe know Bitcoin bullish after one year from super cycle and bearish in the next year.
Just like people that react when Elon Musk tweeting Bitcoin, even though it's actually has zero impact to be honest.
Just like people that react when Elon Musk tweeting Bitcoin, even though it's actually has zero impact to be honest.
I read it on news that as the price of bitcoin is getting closer to $70000, that new and old whales wallets are accumulating bitcoin at a speed which resembles July 2020 to January 2021 when bitcoin increased by 550%.
According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.
I believe there will be a price spike. But the spike repeats history as you said, it will be a huge spike.According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.
Let's say the price at the beginning of this year was around $45k. If the increase in the upcoming bull run is the same as you said 550%, it can definitely break above $200k.
I think that's something amazing, but we want to try to see $100k first which will be the new history of Bitcoin price achievement.
I read it on news that as the price of bitcoin is getting closer to $70000, that new and old whales wallets are accumulating bitcoin at a speed which resembles July 2020 to January 2021 when bitcoin increased by 550%.
According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.
According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.
Buying now puts them in a good position to make profit when the price goes high next year. And they might keep accumulating all through this year, which will keep the market green till the end of the year. I believe the price will not go lower than $60k again; it might hover around $60k and above until it gets to ATH, maybe by early next year.
This is the link or the website that reported this news.
https://cointelegraph.com/news/bitcoin-whales-current-accumulation-trend-emulates-2020-2021-s-550-rally
I have always remain bullish on bitcoin since the beginning of the year 2024, because even if bitcoin dropped in price within this time frame, it doesn't remain at that price for long before recovering back again this is very important to take note of and the reason why we can expect any price upward any time within this bitcoin fiscal year.
We should note also that, bitcoin already have been in a bull state for quite sometime now, and bitcoin have hard it all time high price also, and the likelihood that we see another new all time high bitcoin price is still very much possible.
We should note also that, bitcoin already have been in a bull state for quite sometime now, and bitcoin have hard it all time high price also, and the likelihood that we see another new all time high bitcoin price is still very much possible.
This year's bull season started earlier due to the high publicity given to the approval of the ETF in the US. After the hype died down, the market stabilized. I guess Bitcoin is now maintaining its normal trend, so we can rely on the historical market movement to make predictions.
Will it not be best to post this in Bitcoin Discussion instead of the service board?
I made a mistake. I wanted to post it on bitcoin speculation board but I mistakenly posted it on service board. The right board for it is not bitcoin discussion board but bitcoin speculation board and I have moved it there. But thanks for letting me know, it makes me know that I posted it on the wrong board.
I have always remain bullish on bitcoin since the beginning of the year 2024, because even if bitcoin dropped in price within this time frame, it doesn't remain at that price for long before recovering back again this is very important to take note of and the reason why we can expect any price upward any time within this bitcoin fiscal year.
We should note also that, bitcoin already have been in a bull state for quite sometime now, and bitcoin have hard it all time high price also, and the likelihood that we see another new all time high bitcoin price is still very much possible.
We should note also that, bitcoin already have been in a bull state for quite sometime now, and bitcoin have hard it all time high price also, and the likelihood that we see another new all time high bitcoin price is still very much possible.
I also see the green light on the market will not see the price hike up to 500% as it happened in 2020-2021, but we might like to see bitcoin push to $80k+ if it reaches $75k nonstop without dropping below $70k in the month of October, then the November pump is certain before we will start experiencing a little price correction by December.
I believe it could be a mistake made by the Op; the speculation section of the forum will be best for this content.
I think you wrote on the wrong board. Mistake?
Will it not be best to post this in Bitcoin Discussion instead of the service board?
I believe it could be a mistake made by the Op; the speculation section of the forum will be best for this content.
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